Construction M&A » By The Online Investor Staff, updated Mon., Nov. 28, 9:50 AM
Recent mergers and acquisitions in the Construction M&A category.
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Slide #12. Alamo Group Inc. — Kellands Agricultural Ltd. and Multidrive Tractors Ltd.
Acquirer:
Alamo Group Inc. (NYSE:ALG)
Acquiree:
Kellands Agricultural Ltd. and Multidrive Tractors Ltd.
Details:
Alamo Group Inc. (NYSE: ALG) announced today that its European subsidiary Alamo Group Europe Ltd. has acquired Kellands Agricultural Ltd. and its subsidiary Multidrive Tractors Ltd. based near Cheltenham, Gloucestershire in England.
Alamo Group is engaged in the design, manufacture and servicing of vegetation management and infrastructure maintenance equipment for governmental, industrial and agricultural use. Co.'s products include tractor mounted and self-propelled mowers, zero-turn mowers, agricultural implements, tree and branch chippers, and forestry/wood recycling equipment. Co.'s segments are: the Vegetation Management Division, which includes agricultural operations and mowing and forestry/tree care operations; and the Industrial Equipment Division, which includes vocational truck business and other industrial operations such as excavators, vacuum trucks, street sweepers, and snow removal equipment.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 29th percentile
(ranked lower than approx. 71% of all stocks covered)
Analysts' Target Price: ALG Stock Forecast Based on Zacks ABR data; powered by Xignite |
